" The central mechanism by which capitalism is said to work is competition, best described by Professor Lionel Robbins: ‘Every day thousands of people cast their votes for the hundreds of products and services on offer, and from the competition to win their votes better and better products and services arise.’That is said to be how the capitalist system brings the best outcome for all. But that is not how things have worked out in recent years. On the contrary, there has been a dramatic widening of inequality. As Ed Miliband put it, the rising tide lifted only the yachts. Some blame the ‘lone gunman’ - the rogue trader who wreaks havoc in the whole system. This Bad Apple Theory is popular with Conservatives because it is easier to blame one rotten apple than the whole barrel."

www.dailymail.co.uk/debate/article-24682...l?ico=home^headlines

and the only way it works is if the proles have plenty of loot to spend...bring on more social security !!!

but the US may collapse...driving down wages..the end of civilisation as we know it..ITK off to hell in a hand basket..